India’s economic growth is expected to accelerate in the coming year, supported by strong economic fundamentals, rising domestic savings and renewed interest from foreign investors, National Stock Exchange (NSE) Managing Director and CEO Ashishkumar Chauhan said on November 8.
Speaking during the special Diwali Muhurat trading session, Chauhan described India as the world’s fastest-growing large economy and cited year-on-year gross domestic product (GDP) growth of 7.5%. He expressed confidence that the country’s growth momentum could strengthen further in the coming year.
Chauhan said India had managed fiscal pressures despite global economic uncertainty and volatile crude oil prices. He noted that the country imports nearly 85% of the oil it consumes, leaving it exposed to fluctuations in international energy markets. However, strong tax collections and fiscal management have supported government spending on infrastructure and job creation, he said.
The NSE chief also highlighted the scale of domestic financial savings, which he put at nearly $1.4 trillion annually. He said domestic investment had helped support the stock market and sustain market activity.
Foreign institutional investors (FIIs) are also showing renewed interest in Indian equities ahead of the new Samvat year, according to Chauhan. He described the shift in sentiment as an encouraging sign for the market outlook.
Chauhan also discussed the NSE’s technology upgrades, including the use of artificial intelligence to provide retail investors with improved information and analytics. The exchange is upgrading its website and mobile application while expanding investor education initiatives.
Advising market participants, Chauhan urged investors to prioritise long-term wealth creation rather than relying on short-term tips. He also cautioned against entering intraday trading or derivatives without understanding the risks involved.
0 comments
No comments yet. Yours would be the first.